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Mexico's Telcel Says 3G Network Problem Solved

MEXICO CITY -(Dow Jones)- The Mexican unit of mobile phone giant America Movil SAB (AMX, AMX.MX) said Friday that it has identified and is in the process of fixing a problem of interference that caused recent loss of service, and that it will compensate affected users with minutes of airtime. In a press release, Telcel said the problems with its 3G network were caused by interference in certain points of Mexico City and that it expected to have eliminated the source "in the coming hours." Telcel, Mexico's largest mobile phone operator, said the compensation for both post-paid and pre-paid clients will amount to 650 million pesos ($54.1 million). In a separate release, the Communications and Transport Ministry said Minister Dionisio Perez-Jacome, and other authorities met with representatives of all four mobile operators in the country--Telcel, the local unit of Spain's Telefonica SA (TEF), NII Holdings Inc.(NIHD) unit Nextel Mexico and Iusacell/Unefon--to discuss quality of service. Telcel didn't specify the source of the interference. Nextel Mexico said in a release earlier this week that its technicians had conducted a series of tests with those of Telcel that demonstrated it wasn't causing interference in the Telcel network. -By Anthony Harrup, Dow Jones Newswires, (5255) 5890 5176, [email protected]

Stock News for Nii Holdings (NIHD)
03/16/201716:32:28Initial Statement of Beneficial Ownership (3)
03/16/201716:29:30Initial Statement of Beneficial Ownership (3)
03/10/201715:06:01Amended Statement of Ownership (sc 13g/a)
03/10/201710:48:50Amended Statement of Ownership (sc 13g/a)
03/09/201707:47:35Current Report Filing (8-k)
03/09/201707:30:00NII Holdings Reports 2016 Fourth Quarter And Year-End Results
03/09/201707:22:19Annual Report (10-k)
03/01/201707:02:05Current Report Filing (8-k)
03/01/201707:00:00NII Holdings Announces Amendments To Credit Agreements And Receipt...
02/13/201717:10:02Amended Statement of Ownership (sc 13g/a)
02/13/201711:33:04Statement of Ownership (sc 13g)
02/10/201712:59:42Amended Statement of Ownership (sc 13g/a)
01/17/201712:49:25Amended Statement of Ownership (sc 13g/a)
12/28/201616:07:58Current Report Filing (8-k)
11/14/201607:17:22Current Report Filing (8-k)
11/14/201607:00:00NII Holdings Reports Third Quarter 2016 Results
11/14/201606:15:02Quarterly Report (10-q)
10/31/201617:02:58Current Report Filing (8-k)
10/25/201606:03:06Withdrawal of Registration Statement (rw)
10/11/201612:16:38Amended Statement of Ownership (sc 13g/a)

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